HOME                 
STORE  

 

 

Printer friendly version

Hotel Horizons® Market Update Series

Mark Woodworth weighs in on local market changes in RevPAR and their indicators, as well as the timeliness of investing in hotel real estate.

Meetings Stigma Impacts
Conference Centers

By: Dave Arnold

All segments of the lodging industry struggled in 2009. However, the combined impact of the economic recession and the demonizing of corporate meetings resulted in an even more dramatic fall off in performance for North American conference centers.

According to the recently released Trends® in the Conference Center Industry report prepared by Colliers PKF Consulting USA, the average center in the survey sample reported a decline in net operating income of 43.5 percent in 2009. This compares to an average hotel income decline of 35.4 percent for the nation as a whole.

To view Dave Arnold’s complete summary of the results of the 2010 Trends® in the Conference Center Industry report, click here.

One Quarter Of CMBS Loans
Forecast To Be Delinquent In 2010

Colliers PKF Hospitality Research (Colliers PKF-HR) recently completed an analysis of 365 hotel commercial mortgage-backed securities (CMBS) loans. Using proprietary financial planning tools to forecast hotel net operating incomes and property values, combined with debt service obligations and loan amounts, Colliers PKF-HR found that approximately one quarter of the CMBS loan portfolio studied will be unable to meet debt service obligations in 2010.

The study was conducted by Jack Corgel and Aaron Walls. A full description of the research methodology and results can be found in the 2010 edition of Trends® in the Hotel Industry. For a summary of the analysis, please click here.

July 20, 2010

Recent Reports Available for Purchase



Hotel Horizons® June 2010 Editions



2010 Trends® in the Conference Center Industry



Full Editorial Content Now Available
2010 Trends® in the Hotel Industry

Publications from Colliers PKF Consulting USA & Colliers PKF Hospitality Research:
Click here for historical articles and industry reports from the Colliers PKF Consulting library

Trends®
in the
Hotel Industry
Caribbean
Trends® in the
Hotel Industry
Hospitality
Investment
Survey
IACC
Conference
Center Report

Benchmarker
Reports
Trends®
in the Hotel
Spa Industry

Hotel
Horizons®

National Appraisal Services
Contact: Thomas Callahan, Scott Smith, Jeff Lugosi, Larry Henry, or Chris Kraus.		 Colliers International Hotels
Positioned to assist you with your transaction needs. Contact: Bob Eaton

Colliers PKF Consulting USA Contact Information:
Office Contacts     Send an email

Colliers PKF Hospitality Research Contact Information:
Office Contacts     Send an email

Colliers International Hotels Contact Information:
Office Contacts     Send an email

Colliers PKF Consulting USA
3475 Lenox Road, Suite 720
Atlanta, GA 30326
(404) 842-1150

Headquartered in San Francisco, Colliers PKF Consulting USA (www.pkfc.com) is an advisory and real estate firm specializing in the hospitality industry. Colliers PKF Consulting USA is owned by FirstService Corporation and is a subsidiary of Colliers International. The firm operates three companies: Colliers PKF Consulting USA, Colliers PKF Hospitality Research, and Colliers International Hotels. The firm has offices in New York, Boston, Indianapolis, Chicago, Philadelphia, Washington DC, Atlanta, Houston, Dallas, Los Angeles, Bozeman, Miami, Portland, Seattle, Sacramento, and San Francisco.

Colliers PKF Consulting USA offers hotel appraisal and hotel valuation services, hotel market studies, hospitality litigation support, and hotel consulting services. Colliers International Hotels offers hotel brokerage and hotel transaction services. Colliers PKF Hospitality Research produces Hotel Horizons®, an econometrically based hotel forecast, BenchmarkerSM, a customized comparative hotel benchmark report, and Annual Trends®, a historical hotel financial publication, as well as hotel research and hotel analysis services utilizing their hotel statistics and hotel data which date back to 1936.

 


 

© 2009 PKF Consulting Corporation